Postmedia announced merger talks after stock price spike

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Two classes of stock went up more than 40 per cent, prompting concerns the deal had leaked

prompted the country’s largest newspaper publisher to go public with merger talks, on concerns news of the potential deal had leaked.

Tuesday’s trading in Postmedia illustrates the market swings that come with sudden spurts of interest in illiquid stocks. In the past year, there was only one other day, in January, when more than 15,000 Postmedia shares changed hands. In many TSX sessions, there is no trading in Postmedia stock.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Postmedia’s merger talks with Toronto Star owner a ‘Hail Mary pass’: expert - Terrace StandardPostmedia’s merger talks with Toronto Star owner a ‘Hail Mary pass’: expert
Source: TerraceStandard - 🏆 24. / 68 Read more »

Postmedia, Toronto Star owner in merger talksThe two media giants have entered into non\u002Dbinding discussions on options for combining operational assets, according to company officials
Source: calgaryherald - 🏆 64. / 52 Read more »

Postmedia in merger talks with Toronto Star ownerThere is yet another media merger on the horizon in Canada as Postmedia announces it's entering into talks with the owner of the Toronto Star. In...
Source: blogTO - 🏆 44. / 63 Read more »

Postmedia, Toronto Star owner in merger talksThe two media giants have entered into non\u002Dbinding discussions on options for combining operational assets, according to company officials
Source: calgarysun - 🏆 63. / 52 Read more »

Postmedia’s merger talks with Toronto Star owner a ‘Hail Mary pass’: expert | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Source: natnewswatch - 🏆 58. / 59 Read more »